ArcelorMittal publishes 2010 Corporate Responsibility Report: Safe Sustainable Steel
10 Maggio 2011 - 2:10PM
Business Wire
Regulatory News:
ArcelorMittal, the world’s leading steel company, today
published its Corporate Responsibility (CR) report for the 2010
financial year: Safe Sustainable Steel.
Issued as part of the company’s Annual General Meeting at its
Luxembourg headquarters, this report underlines ArcelorMittal’s
commitment to improving its safety and sustainability performance
in line with growing product demand from the recovering global
economy. The report has been externally assured by Bureau Veritas
and adheres to the Global Reporting Initiative G3 guidelines and
United Nations Global Compact principles.
Key highlights of this year’s CR report include the launch of a
dedicated Human Rights Policy, which is implemented across its
operations as well as through its supply chain.
ArcelorMittal’s investments in energy-saving and environmental
projects in 2010 increased to $347 million, from $224 million the
previous year. Furthermore, ArcelorMittal’s commitment to research
and development, spending $322 million in 2010, is helping it to
reach its goal of reducing emissions by 8% or 170kg per tonne of
steel produced by 2020, against a 2007 baseline.
ArcelorMittal’s health and safety performance also improved,
with the Group’s Lost Time Injury Frequency Rate (LTIFR) falling
from 1.9 per million hours worked in 2009 to 1.8 per million hours
in 2010. Moving forward, the company is firmly committed to its
‘Journey to Zero’, and has set a new ambitious Group-wide target to
reduce LTIFR to 1.0 per million hours worked by 2013.
Other key Corporate Responsibility highlights for the 2010
financial year included the following:
-- Supply chain: In 2010, ArcelorMittal published its
Code for Responsible Sourcing, which sets out the minimum
environmental and social standards its suppliers must meet, and how
the company will work actively with them to achieve this.
-- ArcelorMittal University: Training at the
ArcelorMittal University increased by 28% to over 403,000
hours.
-- Community investment: The ArcelorMittal Foundation
invested $37.7 million across more than 585 local community
projects in 2010. This included a $1 million donation in cash and
in kind to support the earthquake relief work in Haiti, offering
assistance in new housing projects.
-- Anti-corruption training: 94 per cent of employees in
relevant roles were trained on ArcelorMittal’s new anti-corruption
guidelines in 2010.
-- Community engagement: In addition to adhering to
ArcelorMittal’s Community Engagement Standard, many units have
begun to produce local corporate responsibility reports to
strengthen disclosure with stakeholders, this includes Argentina,
Brazil, India, Ukraine, Kazakhstan and the USA.
-- External recognition: ArcelorMittal has been a member
of the FTSE4Good index since 2007 and in 2010 the company was
accepted into the Dow Jones Sustainability World and Europe
indices, evidencing the progress made in areas of governance,
social and environmental management. It was also named as a SAM
‘Sector Mover’ - an award given to the company that achieved the
biggest proportional improvement in its sustainability performance
compared with the previous year.
“The title of this report, Safe Sustainable Steel, sums up
everything we are trying to achieve at ArcelorMittal,” comments
Chairman and CEO, Lakshmi N. Mittal. “We want our business to be
sustainable in every sense of the word – a business that is both
profitable and responsible. We will achieve this by keeping our
people healthy and safe, supporting the development of the
communities in which we operate and by becoming ever more efficient
at providing the steel the world needs for construction,
manufacturing, transport and every other aspect of modern life,” he
adds.
ArcelorMittal’s full CR report for the 2010 financial year, Safe
Sustainable Steel, can be accessed at: www.arcelormittal.com >
Corporate Responsibility
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with
operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets,
including automotive, construction, household appliances and
packaging, with leading R&D and technology, as well as sizeable
captive supplies of raw materials and outstanding distribution
networks. With an industrial presence in over 20 countries spanning
four continents, the Company covers all of the key steel markets,
from emerging to mature.
Through its core values of Sustainability, Quality and
Leadership, ArcelorMittal commits to operating in a responsible way
with respect to the health, safety and wellbeing of its employees,
contractors and the communities in which it operates. It is also
committed to the sustainable management of the environment and of
finite resources. ArcelorMittal recognises that it has a
significant responsibility to tackle the global climate change
challenge; it takes a leading role in the industry's efforts to
develop breakthrough steelmaking technologies and is actively
researching and developing steel-based technologies and solutions
that contribute to combat climate change.
In 2010, ArcelorMittal had revenues of $78.0 billion and crude
steel production of 90.6 million tonnes, representing approximately
8 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on
the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information about ArcelorMittal visit:
www.arcelormittal.com
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